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Michigan First Credit Union, in conjunction with its young adult financial education program, Young & Free Michigan, awarded $85,000 in scholarships to 40 deserving metro Detroit high school and college students in 2013.

Now in its 10th year, Michigan First expanded its scholarship program in 2013 to include three categories: a high school video contest, high school essay contest and college video contest. The top three entries in each category received $10,000, $5,000 and $3,000 scholarships respectively, while additional bonus scholarships of $1,000 were awarded to 31 individuals. Since its inception, the program has given away more than $730,000 to local students.

“Michigan First was founded by teachers, and it is inspiring for us to see these students use their creativity to express a passion for education,” Poulos said. “It is evident by the submissions that each of our contest participants has a bright future ahead of them. We look forward to further investing in the financial education for our youth in metro Detroit.”

The top 10 applicants in each category were selected through online public voting, before a panel of judges.

Young & Free Michigan, powered by Michigan First Credit Union, is an ongoing effort to give the 17-to-25 crowd a voice, a head start and useful information about their finances. Spokesperson Austin Chapman uses the site’s blog, videos and frequent community appearances to share insight into the best ways to handle financial issues and encourage young adults to take advantage of Michigan First’s First Gear accounts, tailored specifically to their needs. Learn more at www.YoungFreeMichigan.com.